Intel initially anticipated receiving nearly $20 billion from the CHIPS Act, with $8.5 billion designated as subsidies. However, recent reports indicate this amount may now be less.
The recent contract signed between Intel and the U.S. government, valued at $3 billion, focuses on chip manufacturing for military needs, leading to reduced CHIPS Act funding.
Despite its challenges, Intel's stock market value has shown a slight recovery, climbing 8 percent in the past month, though it's still down nearly 50 percent year-over-year.
Analysts suggest that Intel's adjustments in subsidy expectations are less about its downsized chip production plans and more due to the scarcity of funds through the CHIPS Act.
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